Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

v3.10.0.1
SUBSEQUENT EVENTS
12 Months Ended
Nov. 30, 2018
SUBSEQUENT EVENTS [Text Block]
19. SUBSEQUENT EVENTS

 

    Effective December 1, 2018, the Company signed a twelve-month contract with the corporation owned and controlled by the CFO to pay an annual compensation of $50,000 for the CFO services. The Company paid $10,000 at commencement and is committed to pay $3,333 on monthly basis.
     
    On January 23, 2019, the Company made a share issuance to Jensen under an employment agreement described in note 11. The Company issued 134,938 common shares at a price of $0.1482 per share to satisfy the payment of $20,000 due January 15, 2019.
    On January 23, 2019, the Company made a share issuance to Ganz under a consulting agreement. The Company issued 500,000 common shares at a price of $0.1482 due December 15, 2018.
     
   

On January 23, 2019, the Company made a share issuance to a corporation owned and controlled by Dean Thrasher, executive chairman of the Company under a consulting agreement described in note 11. The Company issued 180,000 common shares at a price of $0.1482 due January 15, 2018.

On January 23, 2019, the Company made a share issuance to the CLO under the consulting agreement described in note 11. The Company issued 166,666 common shares at a price of $0.1482 due January 15, 2019.

On January 23, 2019, the Company made a share issuance to a consultant under the consulting agreement. The Company issued 134,938 common shares at a price of $0.1482 per share to satisfy the payment of $20,000 due January 15, 2019.

On December 3, 2018, the Company issued 750,000 warrants each to two consultants (the “incentive warrants”) to purchase common shares of the Company at a strike price equal to the average trading price of the Company on the OTC QB during the 20 business days proceeding such approval. 50% of the incentive warrants will vest upon issuance and the balance will vest upon December 31, 2019. The incentive warrants shall have a three-year life. These warrants were issued pursuant to the contracts executed with these two consultants (See note 11).